Am trying to figure out why they need to spend a fortune on getting KPMG to tell them that Multix is a dog with flees. It is their largest revenue generator with the lowest profit margins. After failing to support the Greener range launch they have been well and truely outpaced by the competitors who have launched their own versions of environmentally friendly wraps, foils and bags and have been pretty well deranged in Woolworths.
It is good to see that the CEO is finally looking at culling headcount and reducing some of the ridiculous overheads.
For a company with with their turnover they seem to spend a lot on ivory towers
Ann: 1H24 Results Summary, page-6
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